Can I retire at age 73 with 951,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $951,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%11.8%
1 years$78,533$77,833$77,151$76,485$75,834$75,262
2 years$38,878$38,154$37,452$36,771$36,111$35,534
3 years$25,661$24,934$24,234$23,560$22,911$22,347
4 years$19,054$18,329$17,636$16,974$16,340$15,794
5 years$15,091$14,370$13,686$13,037$12,421$11,894
6 years$12,449$11,734$11,061$10,426$9,829$9,321
7 years$10,564$9,854$9,191$8,572$7,993$7,506
8 years$9,150$8,447$7,795$7,191$6,631$6,164
9 years$8,051$7,355$6,714$6,125$5,584$5,137
10 years$7,172$6,483$5,853$5,280$4,758$4,330
11 years$6,454$5,771$5,153$4,595$4,092$3,684
12 years$5,855$5,180$4,573$4,030$3,546$3,157
13 years$5,350$4,681$4,086$3,558$3,092$2,721
14 years$4,916$4,255$3,671$3,159$2,711$2,358
15 years$4,541$3,887$3,315$2,817$2,387$2,052
16 years$4,213$3,566$3,005$2,522$2,109$1,791
17 years$3,924$3,284$2,735$2,266$1,870$1,569
18 years$3,668$3,035$2,496$2,042$1,663$1,378
19 years$3,438$2,813$2,285$1,845$1,482$1,212
20 years$3,232$2,614$2,097$1,671$1,324$1,069
21 years$3,046$2,435$1,929$1,517$1,185$944
22 years$2,877$2,273$1,778$1,379$1,062$835
23 years$2,723$2,126$1,642$1,256$953$740
24 years$2,581$1,992$1,518$1,146$857$656
25 years$2,452$1,869$1,406$1,046$771$582
26 years$2,332$1,756$1,304$957$695$517
27 years$2,222$1,653$1,211$876$626$460
28 years$2,120$1,558$1,126$802$565$409
29 years$2,024$1,469$1,048$736$510$364
30 years$1,936$1,388$976$675$461$324
31 years$1,853$1,312$910$620$417$289
32 years$1,776$1,241$849$570$377$257
33 years$1,703$1,176$793$524$341$230
34 years$1,635$1,114$741$482$309$205
35 years$1,571$1,057$692$444$280$183
36 years$1,510$1,003$648$409$254$163
37 years$1,453$953$606$377$230$146
38 years$1,399$905$568$347$208$130
39 years$1,348$861$532$320$189$116
40 years$1,300$819$499$295$171$104
41 years$1,254$780$467$272$155$93
42 years$1,211$743$438$251$141$83
43 years$1,169$707$411$232$128$74
44 years$1,130$674$386$214$116$66
45 years$1,092$643$363$198$105$59
46 years$1,057$613$341$183$96$53
47 years$1,022$585$320$169$87$47
48 years$990$559$301$156$79$42
49 years$958$534$283$144$72$38
50 years$929$510$266$133$65$34

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 73 starting with $951,000, adding $6,230 every year, while hoping to spend $23,886 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 49/38/13 Blend
72$951,000$951,000$951,000$951,000
73$1,054,428$1,004,025$989,285$1,102,041
74$1,136,565$1,027,808$997,011$1,159,235
75$1,226,280$1,051,955$1,004,196$1,218,328
76$1,324,320$1,076,460$1,010,796$1,281,983
77$1,431,508$1,101,314$1,016,765$1,350,634
78$1,548,750$1,126,508$1,022,055$1,424,760
79$1,677,045$1,152,029$1,026,616$1,504,889
80$1,817,491$1,177,866$1,030,396$1,591,602
81$1,971,299$1,204,005$1,033,337$1,685,540
82$2,139,800$1,230,429$1,035,383$1,787,408
83$2,324,462$1,257,123$1,036,471$1,897,984
84$2,526,902$1,284,067$1,036,537$2,018,123
85$2,748,898$1,311,238$1,035,513$2,148,770
86$2,992,413$1,338,616$1,033,330$2,290,965
87$3,259,604$1,366,173$1,029,912$2,445,853
88$3,552,850$1,393,883$1,025,181$2,614,698
89$3,874,772$1,421,714$1,019,055$2,798,891
90$4,228,256$1,449,634$1,011,450$2,999,966
91$4,616,479$1,477,608$1,002,275$3,219,613
92$5,042,945$1,505,596$991,437$3,459,695
93$5,511,512$1,533,556$978,836$3,722,266
94$6,026,429$1,561,444$964,370$4,009,589
95$6,592,379$1,589,209$947,931$4,324,159
96$7,214,521$1,616,799$929,405$4,668,724
97$7,898,537$1,644,157$908,675$5,046,315
98$8,650,689$1,671,222$885,617$5,460,271
99$9,477,875$1,697,928$860,101$5,914,276
100$10,387,696$1,724,204$831,992$6,412,385